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Cryptocurrency traders and investors are constantly looking for new opportunities in the industry, which usually involves tracking a large number of coins with great potential. However, there are always some new coins emerging, and some old ones are making a comeback.

One example is the IOST (IOST) coin, which recently entered the top 100 list of the largest cryptocurrencies by market value. Although it left it again when writing this article, it is currently listed as the 102nd largest coin with a market value of $950million. As the currency has great potential to continue to grow and become one of the top cryptocurrencies, we decided to review it to see what it can provide.

What is IOST?

IOST currency is a cryptocurrency that provides power for IOST blockchain. On the other hand, the IOST blockchain is described as’ an ultra fast decentralized blockchain network based on the next generation consensus algorithm, which is called ‘proof of confidence (PoB)’.

The project has an open source infrastructure, which is designed to be scalable and secure. Its idea is to be the backbone of online services in the future. As for its POB algorithm, it is to ensure that transactions on the IOST network will be efficient and secure.

The IOST team developed this project because they were worried that large companies could not embrace blockchain technology in a customer-oriented environment because many projects could not be expanded. Obviously, large companies have millions, sometimes dozens, or even hundreds of millions of customers. If they want to turn to blockchain, they need to adopt a chain that can meet their needs.

To meet this challenge, the IOST team created an IOST network. The project is quite similar to Ethereum, EOS, Tron and other development platforms. The scalability of the latter two is significantly higher than Ethereum itself. However, IOST goes further. Therefore, when Ethereum can process about 20 TPS, Tron about 2000 TPS and EOS about 4000 TPS, IOST can process up to 100000 TPS.

How to Purchase IOST (IOST)?

IOST (IOST) is currently available for purchase on the following exchanges.

• Binance – best for Australia, Canada, Singapore, the UK and most of the world. US residents are prohibited from buying IOST (IOST). Use discount code. Ee59l0qp can get 10% cash back of all transaction costs.
• Kucoin – the exchange currently offers cryptocurrency transactions for more than 300 other popular tokens. It is usually the first opportunity to offer a new token. The exchange currently accepts international and American residents.

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